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Income Tax - Frequently Asked Questions (FAQs) |
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FAQs on TDS or TCS on sale or purchase of goods |
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How to deduct tax at source if a a transaction falls under Section 194Q as well as Section 194-O? |
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Ans. If a transaction is covered both under Section 194-O and Section 194Q, the tax is required to be deducted under Section 194-O and not under Section 194Q. |
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